I just think it's a good value. Market cap is now about $1.1 billion. Revenue this year is estimated to be about $100 million and growing steadily. Many consider ARIA a buyout candidate. Down another 24 cents right now as most smaller biotechs getting beat up the last few days.
I try to provide useful info to SFY holders and potential holders. I'd provide some positive info if there was some.
ARIA......largest position in this group
Some in IRA, others in regular account. No position is over 7% of my mix and many are under 4%.
I see that MHR came out with some new PV-10 numbers (and reserve revisions) for year end 2014. The numbers they used are probably dictated by GAAP rules, but are hilarious. They used $94.99 for WTI and $4.31 for Natgas.
If SFY uses these same numbers they might still have a PV-10 of over $20. Of course, will anyone believe those numbers with WTI at about 50% of the $94.99 WTI number and Natgas now well below the $4.31 level.
I know the numbers they used for the new PV-10 valuation are the ones they have to use according to the rules, but $94.99 for WTI and $4.31 for Natgas? What a joke.
"Real PV-10" might be in the $500-600 million area, not $909 million. Subtract the debt from that.......what's left?
Looks like SFY is ready to test $2.00. Really under performed the group on Wednesday. Sold the SD that I had last week. Lost about 7 cents a share on it. Would have done much worse if I'd been holding Swifty.
Am heavy into ARIA (Ariad Pharma.) now. LISTEN TO REBECCA, she knows the future of SFY.
Already holding GILD, CELG, ABBV......ARIA (Top holding), EXEL, LXRX, SPPI, and MSTX.
Left a "little for Aunt Nell" with PER I guess. That's OK. I'm a big boy.
Elderly is correct. Last year on March 12, they said that the EPS report for Q 4 - 2013 would be released on March 20, before the open.
The EPS report for Q 1 - 2014 was released on May 8th, before the open.
Generally agree with your assessment. I no longer post there either. Used to stop in there and spill some Kool-aid once in awhile. Many fools over there that bought MUCH higher.
I see you returned from the long weekend refreshed and ready to do battle with the Kool-aid drinkers. Keep up the good work. Unless we get a furious rally in oil / NG, SFY is doomed. Will likely see a "1" handle here soon.
Add to that.....oil is trading down over $1.00 and Natgas is down about 15 cents @ about 12:30 Central time. Could be an ugly day for SFY on Tuesday.
All the fans are in shock. Like a "perfect storm" of mistakes. Now I know how the employees and stockholders of Swift feel. Terry is the "Coach" and hasn't done anything right in the last few years.
Just a few minutes ago, Reuters reported that SFY has drawn down more than 1/2 of its $417 million credit line. Cash is EXTREMELY tight. Check out that story.
I get my info at CME Group....the site for the Chicago Mercantile Exchange....prices are delayed 10 minutes, but it shows prices any time of the day it's trading anywhere.